Tosin Eniolorunda operates at a scale where “startup” feels like a misnomer. In 2025, Moniepoint solidified its status as a systemic pillar of the Nigerian economy, processing a staggering $250 billion in annual volume for over 10 million customers, an impressive feat given that Moniepoint currently only operates in Nigeria.
But for Eniolorunda, domestic dominance was just the foundation. This year, the company’s geographic constraint began to loosen. In June 2025, Moniepoint secured approval to acquire 78% of Sumac, a Kenyan microfinance bank. Kenya was not the only country Moniepoint set its eyes on. Just two months before its Kenyan ambitions became concrete, it launched Monieworld, its remittance product that allows UK residents to send money to any Nigerian bank account.
Before its cross-border ambitions, Moniepoint expanded its product to include an all-in-one point-of-sale (POS) terminal that combines payment processing, inventory management, and transaction reconciliation in January. In March, it introduced five million contactless cards, becoming one of the first fintechs to adopt the new payment method.
The market has rewarded this execution richly. In February, one of Moniepoint’s oldest investors made over $8 million from its initial $150,000 investment by selling part of its stake in the company, and in June, two senior employees also sold part of their shares, making $870,000. The startup also closed its $200 million Series C in October after raising $90 million from investors.
The company’s impressive momentum was also recognised externally, as Moniepoint was listed among TIME’s 100 Most Influential Companies of 2025 and picked up multiple major industry awards in fintech and SME banking.
In 2025, Eniolorunda extended Moniepoint’s commercial scale, diversified its product stack, and began building its global footprint, reinforcing its position as a foundational financial platform for African businesses and diaspora markets.
